Chart Industries (GTLS)
shares were hammered during the downturn in energy and process
industries but are already up about 4x from the early 2016 bottom as the
company has benefited from recovering demand in natural gas processing
and recovering demand for industrial gasses. Better still, not only has
management expanded and diversified its business with the Hudson deal,
management seems more interested in backfilling the service and
aftermarket opportunities.
With the shares up so
strongly (up 80% in the last 12 months), I'm not too surprised that I
don't see a lot of low-hanging value here. There are still meaningful
opportunities in LNG and I believe the market often underrates the
company's core industrial gas business, but today's valuation looks
pretty reasonable for a company that should generate mid-single-digit
revenue growth and double-digit FCF growth over the next decade.
Click the link for more:
Chart Industries Riding A Recovery But Also Shifting The Business In Meaningful Ways
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